Used primarily in the development of organic light-emitting diodes (OLEDs), this compound serves as a key material in the emissive layer due to its excellent hole-transporting properties. It enhances the efficiency and stability of OLED devices, making it crucial for high-performance displays and lighting solutions. Additionally, it is employed in the synthesis of advanced organic semiconductors, contributing to the improvement of electronic devices such as solar cells and transistors. Its unique structure also makes it a candidate for research in photovoltaics and optoelectronic applications.